REI recently agreed to terms with Sanchez Energy (SN) to divest the majority of its interest in over 55,000 acres in the Eagle Ford Shale. REI will retain an interest in the leasehold. REI also holds several other Eagle Ford Shale leases as well. REI also has leases in the emerging Eaglebine play which it is currently evaluating. In addition, REI owns interest in several Barnett shale wells.
REI operates wells and pipeline in the Day Dome and Madisonville fields in Madison County, Texas. REI is currently evaluating drilling and reworking plans to maximize the fields’ potential.